Nokia has unveiled the handset that has leaked for a while now, the Nokia 500. This handset features a 3.2-inch capacitive touchscreen display, a 5MP camera, WiFi support, GPS, a 3.5mm headphone jack, 2GB of storage, a microSD card slot, and HSDPA / HSUPA connectivity. This handset is also the first Nokia phone powered by a 1GHz CPU which is now just mid-end stuff. You can expect this one to launch in Q3 for just over $200 and it's likely going to hit AT&T / T-Mobile in the US.